AMENDMENT NO. 1 TO THE FOURTH AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT

AMENDMENT NO. 1

TO THE

FOURTH AMENDED AND RESTATED

MASTER ADMINISTRATIVE SERVICES AGREEMENT

This Amendment, effective April 30, 2021, amends the Fourth Amended and Restated Master Administrative Services Agreement (the “Agreement”), dated July 1, 2020, by and between Invesco Advisers, Inc., a Delaware corporation (the “Administrator”) and AIM Variable Insurance Funds (Invesco Variable Insurance Funds), a Delaware statutory trust (the “Trust”) is hereby amended as follows:

WHEREAS, the Trust desires to amend the Agreement to remove Invesco V.I. Managed Volatility Fund and Invesco V.I. Value Opportunitues; and

WHEREAS, the Trust desires to amend the Agreement to change the following Funds’ names:

FUND NAME		NEW FUND NAME
Invesco Oppenheimer V.I. Capital Appreciation Fund		Invesco V.I. Capital Appreciation Fund
Invesco Oppenheimer V.I. Conservative Balanced Fund		Invesco V.I. Conservative Balanced Fund
Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund		Invesco V.I. Discovery Mid Cap Growth Fund
Invesco Oppenheimer V.I. Global Fund		Invesco V.I. Global Fund
Invesco Oppenheimer V.I. Global Strategic Income Fund		Invesco V.I. Global Strategic Income Fund
Invesco Oppenheimer V.I. Main Street Fund		Invesco V.I. Main Street Fund
Invesco Oppenheimer V.I Main Street Small Cap Fund		Invesco V.I. Main Street Small Cap Fund
Invesco Oppenheimer V.I. Government Money Fund		Invesco V.I. U.S. Government Money Portfolio
Invesco Oppenheimer V.I. Total Return Bond Fund		Invesco V.I. Core Bond Fund;
Invesco V.I. Mid Cap Core Equity Fund		Invesco V.I. Main Street Mid Cap Fund

NOW THEREFORE, the parties agree that:

1. Appendix A of the Agreement is hereby deleted in its entirety and replaced with the following:

“APPENDIX A

TO

FOURTH AMENDED AND RESTATED

MASTER ADMINISTRATIVE SERVICES AGREEMENT

OF

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

Portfolios		Effective Date of Agreement
Invesco Oppenheimer V.I. International Growth Fund		May 24, 2019
Invesco V.I. American Franchise Fund		February 12, 2010
Invesco V.I. American Value Fund		February 12, 2010
Invesco V.I. Balanced-Risk Allocation Fund		January 7, 2011
Invesco V.I. Capital Appreciation Fund		May 24, 2019
Invesco V.I. Xxxxxxxx Fund		February 12, 2010
Invesco V.I. Conservative Balanced Fund		May 24, 2019
Invesco V.I. Core Bond Fund		May 24, 2019
Invesco V.I. Core Equity Fund		May 1, 2000
Invesco V.I. Core Plus Bond Fund		May 1, 2000
Invesco V.I. Discovery Mid Cap Growth Fund		May 24, 2019
Invesco V.I. Diversified Dividend Fund		February 12, 2010
Invesco V.I. Equally-Weighted S&P 500 Fund		February 12, 2010
Invesco V.I. Equity and Income Fund		February 12, 2010
Invesco V.I. Global Fund		May 24, 2019
Invesco V.I. Global Strategic Income Fund		May 24, 2019
Invesco V.I. Global Core Equity Fund		February 12, 2010

1

Invesco V.I. Global Real Estate Fund		April 30, 2004
Invesco V.I. Government Money Market Fund****		May 24, 2019
Invesco V.I. Government Securities Fund		May 1, 2000
Invesco V.I. Growth and Income Fund		February 12, 2010
Invesco V.I. Health Care Fund		April 30, 2004
Invesco V.I. High Yield Fund		May 1, 2000
Invesco V.I. International Growth Fund		May 1, 2000
Invesco V.I. Main Street Fund®		May 24, 2019
Invesco V.I. Main Street Mid Cap Fund		September 10, 2001
Invesco V.I. Main Street Small Cap Fund®		May 24, 2019
Invesco V.I. S&P 500 Index Fund		February 12, 2010
Invesco V.I. Small Cap Equity Fund		September 1, 2003
Invesco V.I. Technology Fund		April 30, 2004
Invesco V.I. U.S. Government Money Portfolio****		May 1, 2000

The Administrator may receive from each Portfolio reimbursement for costs or reasonable compensation for such services as follows:

Rate*		Invesco Fund Complex Net Assets**
0.0175%		First $100 billion
0.0150%		Next $100 billion
0.0135%		Next $100 billion
0.0125%		Next $100 billion
0.010%		Over $400 billion

* The fee will be paid monthly at 1/12 of the annualized effective fee rate based on the average assets under management of the Invesco Fund Complex Net Assets of the prior month.

** Invesco Fund Complex Net Assets means the aggregate monthly net assets of each mutual fund and closed-end fund in the Invesco Fund complex overseen by the Invesco Funds Board.

*** For the additional administrative services that the Administrator provides or ensures that the Insurance Company or Qualified Plan (that has entered into a Participation Agreement with AIM Variable Insurance Funds (Invesco Variable Insurance Funds)) provides, the Portfolios shall pay Invesco Advisers, Inc., on a quarterly basis, up to an annual rate of ..15% of the average net asset value of each portfolio not to exceed the Administrator’s cost. To the extent that the Administrator’s cost exceeds .15%, such excess amount shall be borne by the Administrator and the Administrator will not seek reimbursement at a later time for such excess amounts on services previously rendered if the Administrator’s cost is later reduced to an amount below .15%.

**** In addition to the rate described above, Invesco V.I. Government Money Market Fund and Invesco V.I. U.S. Government Money Portfolio shall also pay the Administrator 0.03% for the provision of the Money Market Fund Administrative Services.

2. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

2

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the day and year first above written.

INVESCO ADVISERS, INC.
By:		/s/ Xxxxxxx X. Xxxxx
		Xxxxxxx X. Xxxxx
		Senior Vice President & Secretary
AIM VARIABLE INSURANCE FUNDS
(INVESCO VARIABLE INSURANCE FUNDS)
By:		/s/ Xxxxxxx X. Xxxxx
		Xxxxxxx X. Xxxxx
		Secretary, Senior Vice President and
		Chief Legal Officer

3